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...dramatic break from the past. Foreign oil companies will have a stake in Iraq's vast oil wealth for the first time since 1972, when Iraq nationalized the oil industry. In theory, that could finally fix Iraq's shambolic oil sector, whose infrastructure has been crippled by decades of wars and sanctions. Production these days hovers around 2 million barrels a day, a big drop from Iraq's prewar peak of more than 3 million barrels...

Author: /time Magazine | Title: Troubles for the Iraq Oil Deal | 2/28/2007 | See Source »

...Billions of dollars - and Iraq's future - are at stake. Virtually all the revenues Iraq has to rebuild its shattered economy will come from its mammoth energy deposits - some of the world's biggest untapped reserves - of about 115 billion barrels of oil and about 110 trillion cubic feet of natural gas. In addition, Iraq's major creditors have made clear they expect a working oil industry, as a precondition for forgiving billions of dollars in Iraqi debt incurred largely by Saddam Hussein's wars against Iran and Kuwait and by his mega-splurging at home...

Author: /time Magazine | Title: Troubles for the Iraq Oil Deal | 2/28/2007 | See Source »

...Justices react to claims that the courts get aced out because the Iraq war is an international enterprise? With Omar's and Munaf's cases probably headed for the high court, you can bet we'll find out soon. Keep in mind too that the Administration has more at stake here than its power. By steering these types of cases to Iraqi courts, it can help those courts gain legitimacy. The stronger its judiciary, the better Iraq's chances of surviving as a nation and the sooner the U.S.--to mix slogans from two unpopular wars--can stand down with...

Author: /time Magazine | Title: Law: A Law of Convenience | 2/22/2007 | See Source »

...imposing, is ignorable, as are Website banners and newspaper ads. Of course, it is the telephone owner’s right to exact this extra cost on her callers. But we need to be cautious of selling our private property to advertisers—our social culture is at stake...

Author: By James M. Wilsterman | Title: Brring!ing Home the Bacon | 2/22/2007 | See Source »

...fire for, among other things, emphasizing science growth at the expense of other fields. Professor of the History of Science Everett I. Mendelsohn said that Summers “had hitched his wagon to the growth of the natural sciences.”A lot of money is at stake. More than half a billion dollars’ worth of new science buildings are nearing completion behind the Science Center, and billions more are slated to be spent for the planned science-heavy expansion into Allston.“People are going to watch the budget—where does...

Author: By Lois E. Beckett and Anton S. Troianovski, CRIMSON STAFF WRITERSS | Title: For Historian, A New Focus | 2/12/2007 | See Source »

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